Spawn the Rewards of a Sustainable Future by FreeEnergy
Please find below the
Semi-Finalist Evaluation
Judges'' comments
Judge 1:
1. This requires changes to the tax code, which will be extremely challenging for a host of reasons. This proposal requires that the government pick winners and losers that are rewarded or punished in the tax code, and that hits idealogical hot buttons.
2. There is a gap between where university research ends and commercialization can begin, sometimes called the valley of death. It can easily take 5 to 10 years for the output of university research to evolve to where the technology is robust enough, and risk is low enough, to allow commercialization. This is especially true for significant innovations. Examples include bioengineering organisms to produce commercially desirable materials to replace current energy intensive production processes, and Don Sadoway's work with liquid metal batteries which may eventually make it easier to take advantage of renewable energy sources.
Judge 2:
The problem with this proposal lies mainly in the area of tax incentives and penalties. Taxes are determined by legislators in each government entity(federal, state, city, county). There is now practical way to ensure that a system of tax incentives and penalties could be enacted everywhere to do what you propose.
It is highly unlikely that something would be judged as lucrative to a corporation and MIT without years of research and a trail of intellectual property. You might want to talk to MIT's Licensing Office and ask them to give you a quick education on intellectual property; when it is protected, how it is protected; the rights of the parties; etc.
I think you have the nugget of a good idea here but you are trying to be all things to all people. Work on the joint research, joint intellectual property rights and R&D competition thoughts and forget the tax complications for now.
0comments
Share conversation:
Share via:
No comments have been posted.
